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OZ Optics Ltd. acquires optical ASIC company Bitmath Inc.
June 7, 2001
OTTAWA -- OZ Optics Limited, a world leading global supplier of fiber optic products for existing and next-generation optical networks, announces the acquisition of Bitmath Inc., a fabless ASIC manufacturer, for an undisclosed amount. Bitmath Inc., a privately held company located in Fremont, CA., designs, develops, and markets state-of-the-art ASIC solutions for the broadband communications and optical storage markets. Bitmath's expertise is in the development of complex signal processing algorithms and mixed-signal CMOS ASICs for high-speed optical and wireless data communications systems.According to Zee Hakimoglu, Executive VP Business Development for OZ Optics Limited and President of OZ Optics USA, "Bitmath brings to OZ Optics a number of standard products addressing a diverse technology portfolio of complex intellectual property modules. For future products, Bitmath has a strong team of mixed-signal ASIC designers with experience in rapid prototyping, specification-to-silicon ASIC development, system integration and customer support." OZ Optics Ltd.
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